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Russia and Reliance Sign $13 Billion Energy Deal for Crude Supply

In a landmark energy agreement, Russia’s state oil company Rosneft has committed to supply 500,000 barrels of crude oil per day to India’s Reliance for the next 10 years, worth approximately $13 billion annually. This deal represents about 0.5% of global oil supply and strengthens energy relations between India and Russia, especially as Russia faces intense Western sanctions due to its invasion of Ukraine. The deal is set to begin in January and will involve monthly deli

Business

12 Dec 2024 09:16 AM

Russia and Reliance Sign $13 Billion Energy Deal for Crude Supply

In a landmark energy agreement, Russia’s state oil company Rosneft has committed to supply 500,000 barrels of crude oil per day to India’s Reliance for the next 10 years, worth approximately $13 billion annually. This deal represents about 0.5% of global oil supply and strengthens energy relations between India and Russia, especially as Russia faces intense Western sanctions due to its invasion of Ukraine. The deal is set to begin in January and will involve monthly deli

Business

Oil Prices Rangebound Ahead of OPEC+ Decision and Trump Risks

Oil prices have shown remarkable stability, remaining in a narrow range since mid-October, with West Texas Intermediate (WTI) crude fluctuating around $70 per barrel. This rangebound trend has been characterized by a significant drop in volatility, with recent levels at their lowest since August. Despite ongoing geopolitical risks, such as the tensions between Iran and Israel and the potential impacts of a second Donald Trump presidency, traders have remained cautious. The market's curren

Business

04 Dec 2024 08:23 AM

Oil Prices Rangebound Ahead of OPEC+ Decision and Trump Risks

Oil prices have shown remarkable stability, remaining in a narrow range since mid-October, with West Texas Intermediate (WTI) crude fluctuating around $70 per barrel. This rangebound trend has been characterized by a significant drop in volatility, with recent levels at their lowest since August. Despite ongoing geopolitical risks, such as the tensions between Iran and Israel and the potential impacts of a second Donald Trump presidency, traders have remained cautious. The market's curren

Business

Finance Ministry to Review Windfall Tax on Fuel Exports as Crude Prices Stabilize

The Finance Ministry is set to review the windfall tax on fuel exports, including petrol, diesel, and Aviation Turbine Fuel (ATF), following the stabilization of global crude oil prices. The tax, introduced in July 2022, was implemented to address the substantial profits earned by oil refiners exporting fuel, which had an impact on domestic supplies. The review will assess the tax’s effectiveness and the revenue it has generated, with the Ministry of Petroleum and Natural Gas already re

Finance & Economics

28 Nov 2024 08:23 AM

Finance Ministry to Review Windfall Tax on Fuel Exports as Crude Prices Stabilize

The Finance Ministry is set to review the windfall tax on fuel exports, including petrol, diesel, and Aviation Turbine Fuel (ATF), following the stabilization of global crude oil prices. The tax, introduced in July 2022, was implemented to address the substantial profits earned by oil refiners exporting fuel, which had an impact on domestic supplies. The review will assess the tax’s effectiveness and the revenue it has generated, with the Ministry of Petroleum and Natural Gas already re

Finance & Economics

India Reviews Windfall Tax on Crude Oil Amid Global Price Volatility

The Indian government is set to review the windfall tax on crude oil after recently reducing the tax to nil, as reported by Bloomberg News. Tarun Kapoor, advisor to the Prime Minister, confirmed that the oil ministry has requested the removal of the windfall tax on crude oil output during a press briefing at the World Biogas Associations' India Conference in New Delhi. Previously, the windfall tax was set at ₹1,850 per tonne as of September 17, but it was eliminated effective

Finance & Economics

23 Oct 2024 07:42 AM

India Reviews Windfall Tax on Crude Oil Amid Global Price Volatility

The Indian government is set to review the windfall tax on crude oil after recently reducing the tax to nil, as reported by Bloomberg News. Tarun Kapoor, advisor to the Prime Minister, confirmed that the oil ministry has requested the removal of the windfall tax on crude oil output during a press briefing at the World Biogas Associations' India Conference in New Delhi. Previously, the windfall tax was set at ₹1,850 per tonne as of September 17, but it was eliminated effective

Finance & Economics

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#oil

Russia and Reliance Sign $13 Billion Energy Deal for Crude Supply

Russia and Reliance Sign $13 Billion Energy Deal for Crude Supply

Oil Prices Rangebound Ahead of OPEC+ Decision and Trump Risks

Oil Prices Rangebound Ahead of OPEC+ Decision and Trump Risks

Finance Ministry to Review Windfall Tax on Fuel Exports as Crude Prices Stabilize

Finance Ministry to Review Windfall Tax on Fuel Exports as Crude Prices Stabilize

India Reviews Windfall Tax on Crude Oil Amid Global Price Volatility

India Reviews Windfall Tax on Crude Oil Amid Global Price Volatility

USPS unveils new delivery vans and tech upgrades in New Jersey

Unlocking India’s Potential: A Guide for NRI Investors

Exit Polls Predict BJP Victory in Delhi Assembly Elections 2025

Redefining Fashion: The Emergence of Gender-Neutral Clothing Lines and the Evolution of fashon

Pawan Kalyan to be busy after AP polls; Here’s why

"Revanth Reddy's Heartfelt Homecoming: A Heroic Welcome in Konda Reddy Palle"

Samrat Choudhary Takes Oath as Bihar’s 21st CM, Marks BJP's Rise to Power

"Honda Files Patent for Step-Through Scooter Beat in India: Features and Specs Revealed"

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USPS unveils new delivery vans and tech upgrades in New Jersey

Unlocking India’s Potential: A Guide for NRI Investors

Exit Polls Predict BJP Victory in Delhi Assembly Elections 2025

Redefining Fashion: The Emergence of Gender-Neutral Clothing Lines and the Evolution of fashon

Pawan Kalyan to be busy after AP polls; Here’s why

"Revanth Reddy's Heartfelt Homecoming: A Heroic Welcome in Konda Reddy Palle"

Samrat Choudhary Takes Oath as Bihar’s 21st CM, Marks BJP's Rise to Power

"Honda Files Patent for Step-Through Scooter Beat in India: Features and Specs Revealed"

The Role of Artificial Intelligence in Modern Automotive Safety Systems

Power surges leave homeowners with costly damage, but who is responsible?

#oil

Russia and Reliance Sign $13 Billion Energy Deal for Crude Supply

Russia and Reliance Sign $13 Billion Energy Deal for Crude Supply

Oil Prices Rangebound Ahead of OPEC+ Decision and Trump Risks

Oil Prices Rangebound Ahead of OPEC+ Decision and Trump Risks

Finance Ministry to Review Windfall Tax on Fuel Exports as Crude Prices Stabilize

Finance Ministry to Review Windfall Tax on Fuel Exports as Crude Prices Stabilize

India Reviews Windfall Tax on Crude Oil Amid Global Price Volatility

India Reviews Windfall Tax on Crude Oil Amid Global Price Volatility

USPS unveils new delivery vans and tech upgrades in New Jersey

Unlocking India’s Potential: A Guide for NRI Investors

Exit Polls Predict BJP Victory in Delhi Assembly Elections 2025

Redefining Fashion: The Emergence of Gender-Neutral Clothing Lines and the Evolution of fashon

Pawan Kalyan to be busy after AP polls; Here’s why

"Revanth Reddy's Heartfelt Homecoming: A Heroic Welcome in Konda Reddy Palle"

Samrat Choudhary Takes Oath as Bihar’s 21st CM, Marks BJP's Rise to Power

"Honda Files Patent for Step-Through Scooter Beat in India: Features and Specs Revealed"

The Role of Artificial Intelligence in Modern Automotive Safety Systems

Power surges leave homeowners with costly damage, but who is responsible?

Popular Cities